HCTV Corporation

Analysis

HCTV Corporation is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, HCTV Corporation reported income of $112k and spending of $109k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $112k (+3.3%), an average of +3.3% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, HCTV Corporation sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Columbia Benevolent Organization ($112k), St Louis African Chorus ($112k) and Association for the Liberty Theatre of Eunice ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.